ACLARA REPORTS ON VOTING RESULTS FROM THE 2024 ANNUAL GENERAL MEETING OF SHAREHOLDERS

Company news release
6 May 2024, 11:27 p.m. EDT

TORONTO, May 6, 2024 /CNW/ - The Annual General Meeting of Shareholders (the "Meeting") of Aclara Resources Inc. ("Aclara" or the "Company") (TSX: ARA) was held today in Toronto, Ontario. Each of the matters voted upon at the Meeting is discussed in detail in the Company's management information circular dated April 5, 2024 (the "Circular"), which can be found under the Company's profile on SEDAR+ at www.sedarplus.ca.

The total number of votes cast by shareholders of the Company in person and by proxy at the Meeting was 104,205,909 votes, representing 62.62%. Each of the matters put forward before shareholders for consideration and approval at the Meeting, as described in the Circular, was duly approved by the requisite number of votes. These matters included the election of directors and the appointment of the auditor. The voting results are detailed below:

1. Election of Directors

Name of Nominee



Votes FOR



%



Votes WITHHELD



%

Eduardo Hochschild



92,464,826



94.14



5,754,485



5.86



Ramon Barua



92,872,513



94.56



5,346,798



5.44



Paul Adams



94,030,588



95.74



4,188,723



4.26



Eduardo Landin



92,538,800



94.22



5,680,511



5.78



Catharine Farrow



97,933,632



99.71



285,679



0.29



Maria Recart



98,131,039



99.91



88,272



0.09



Sanjay Sarma



97,905,072



99.68



314,239



0.32



Nicolás Hochschild



92,593,016



94.27



5,626,295



5.73



Joao Miranda



95,554,235



97.29



2,665,076



2.71



Jorge Born



92,589,487



94.27



5,629,824



5.73



2. Appointment of Auditor

Name of Auditor



Votes FOR



%



Votes WITHHELD



%

EY Servicios Profesionales

de Auditoría y Asesorías SpA



104,188,072



99.98



17,837



0.02

The Company has filed a report of voting results on all resolutions voted on at the Meeting under its profile on SEDAR+ at www.sedarplus.ca.

About Aclara

Aclara Resources Inc. (TSX: ARA) is a development-stage company that is focused on heavy rare earth mineral resources hosted in Ion-Adsorption Clay deposits. The Company's rare earth mineral resource development projects include the Penco Module in the Bio-Bio Region of Chile and the Carina Module in the State of Goiás, Brazil.

Aclara's rare earth extraction process offers several environmentally attractive features. Circular mineral harvesting does not involve blasting, crushing, or milling, and therefore does not generate tailings and eliminates the need for a tailing's storage facility. The extraction process developed by Aclara minimizes water consumption through high levels of water recirculation made possible by the inclusion of a water treatment facility within its patented process design. The ionic clay feedstock is amenable to leaching with a common fertilizer main reagent, ammonium sulfate. Further, harmful levels of radionuclides, typical of hard rock rare earth deposits, are not concentrated within the Aclara's processing flowsheet. In addition to the development of the Penco Module and the Carina Module, the Company will continue to identify and evaluate opportunities to increase future production of heavy rare earths through greenfield exploration programs and the development of additional projects within the Company's concessions in Brazil, Chile, and Peru.

SOURCE Aclara Resources Inc.